Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,763 shares of the bank’s stock after selling 650 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Citizens Financial Group were worth $1,653,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after acquiring an additional 5,579,313 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after acquiring an additional 805,758 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock worth $155,051,000 after acquiring an additional 839,041 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Citizens Financial Group by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock worth $129,150,000 after acquiring an additional 334,386 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 1.3 %

Citizens Financial Group stock opened at $45.75 on Friday. The stock has a market capitalization of $20.00 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 12 month low of $30.54 and a 12 month high of $49.25. The business has a 50 day simple moving average of $45.90 and a 200-day simple moving average of $44.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

A number of research firms recently commented on CFG. Stephens reaffirmed an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Citigroup lifted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Piper Sandler lifted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.